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who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown caused by washington. the result, the abysmal and artificially reduced gross domestic product number we saw today. most money managers are fixated on that top-down analysis. they look at those numbers, they care, they correctly detected the secession the business in this country was undergoing. they pulled in their horns because of it. some cases, dramatically. i understood it. say we came in to 2013 over the fiscal cliff. i would say the v
who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may...
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Jan 30, 2013
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. >> bottom line, what do you want to do with your money in this environment? do you want to continue on this train of buying stocks or look at it and say, okay, maybe these fundamentals don't add up? >> stocks are still cheap relative to earnings where interest rates are, should be selling would have their proper valuation. i think stocks are 15% to 20% below where they should be? >> nathan, do you agree with that? >> i increased my stock position by 5%, maria. still watching my bonds. there's not much left in bonds. you can only squeeze so much out of this turnip, so you have to look at your bonds and shorten your duration, for sure. >> thanks, everybody. >> yeah. >> okay. >> good conversation. >> never mind. >> it's crazy to say that the -- that the fed is killing the economy with $85 billion in the printing press and stocks are 15% undervalued. i'd love to put those two thoughts together. >> all right. >> you said we're out of time but i'm always ready. >> give me one last point and we'll move on. >> we all have to understand we can look at the micro on eve
. >> bottom line, what do you want to do with your money in this environment? do you want to continue on this train of buying stocks or look at it and say, okay, maybe these fundamentals don't add up? >> stocks are still cheap relative to earnings where interest rates are, should be selling would have their proper valuation. i think stocks are 15% to 20% below where they should be? >> nathan, do you agree with that? >> i increased my stock position by 5%, maria. still...
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Jan 30, 2013
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in this environment it's not going to happen. >> to bring you back, is there any sense at all that the full in borrowing cost for the spanish government is going to feed through into the wider economy? i spoke on friday to the economic affairs minister. he told me this is what's going to happen -- now that borrowing costs are down it will feed through to the real economy. do you think that's going to happen or not? >> i hope yes because really we need some new measures. and we need some help to keep on growing again, as i was saying before. really, the -- what's going to say prime minister to all the investors. we have problems in the banking system with banking as you tell before. we have problem with the bank, and we need to -- a solution, to solve. with the meeting this morning with the president of the euro group, mr. junker, not tell any news about how will be the new measure. we are waiting and waiting and hoping that the new measures could be really strong, could be really positive. almost -- almost we're wishful that we could see cuts for the entrepreneurs, from the small and m
in this environment it's not going to happen. >> to bring you back, is there any sense at all that the full in borrowing cost for the spanish government is going to feed through into the wider economy? i spoke on friday to the economic affairs minister. he told me this is what's going to happen -- now that borrowing costs are down it will feed through to the real economy. do you think that's going to happen or not? >> i hope yes because really we need some new measures. and we need...
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Jan 30, 2013
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and become the cheapest place on earth and put millions of people to work including in a more secure environment. we are barely scratching the surface of natural gas use. ford admitting there isn't enough natural gas infrastructure to sell nat gas cars in this country. what a sad set of circumstances. stick with cramer.
and become the cheapest place on earth and put millions of people to work including in a more secure environment. we are barely scratching the surface of natural gas use. ford admitting there isn't enough natural gas infrastructure to sell nat gas cars in this country. what a sad set of circumstances. stick with cramer.
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just go ahead and do it and a gdp report like today shows the private economy can grow in that kind of environment, just like all over the world. lower spending, good for the economy. >> you're right. bob, you recently wrote a piece suggesting allowing rates to rise without tightening monetary policy. how does that work? >> well, i'm not sure it would work. at the december minutes of the last fomc meeting or the next to the last one now, seemed to treat interest rate policy and quantitative easing separately, and the implication was we'd have lower interest rates for a lot longer than we would have continued quantitative easing. i just think the economy would be healthier if they would do the reverse of that and allow interest rates to tick up a little bit, allocate capital a little more effectively, but using quantitative easing, not let the money supply shrink. keep it growing slowly. >> do you think we are going to see a spike in rates? markets will push rates higher at some point? when would you expect rates to start moving up, bob? >> oh, well, when the economy starts showing a lot more healt
just go ahead and do it and a gdp report like today shows the private economy can grow in that kind of environment, just like all over the world. lower spending, good for the economy. >> you're right. bob, you recently wrote a piece suggesting allowing rates to rise without tightening monetary policy. how does that work? >> well, i'm not sure it would work. at the december minutes of the last fomc meeting or the next to the last one now, seemed to treat interest rate policy and...
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i think that the low interest rate environment is not over for the long end of the market. i think that there's a possibility that we haven't even seen the low on the ten-year yield. you know -- >> what? >> a lot of stuff has to happen for that. >> nothing good. >> well, probably nothing good. no. i think we are reacting, you know, part of the -- one of the reasons that the market started it come down over the last few weeks was an interpretation of the minutes from the latest fed meeting that were taken as somewhat hawkish which i think was just a matter of a misinterpretation of the fed rather than the fed being hawkish. the fed in december did the most accommodative thing they have ever done. you know, they told us they'll be buying for some amount of time, $85 billion securities every month. and take the -- the balance sheet from the $2.9 trillion that it ended the year at, up, you know, annualized rate of an additional trillion. now the -- the key is the fed doesn't know how long that will go. it's tied to the progress in the labor market. but you know, i don't think t
i think that the low interest rate environment is not over for the long end of the market. i think that there's a possibility that we haven't even seen the low on the ten-year yield. you know -- >> what? >> a lot of stuff has to happen for that. >> nothing good. >> well, probably nothing good. no. i think we are reacting, you know, part of the -- one of the reasons that the market started it come down over the last few weeks was an interpretation of the minutes from the...
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Jan 30, 2013
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were going cheap trying to get around what few regulations exist and create an even more dangerous environment. the investigation isn't over, so they don't want to name names or come out with the specific charges at this point, anderson. >> can you explain why security at this club would not let people get out of the one exit that existed? >> well, anderson, we talked today -- we actually heard the very harrowing story of this 19-year-old high school student who was inside. she got crammed up against the metal barrier. someone was saving her, a man she didn't know grabbed her and was pulling her toward the door. and she said she actually saw the doors shutting in their faces. she said she saw the light at the end of the tunnel, then all of a sudden the light would shut off because the guards were shutting the door in her face. and she said they hadn't realized that there was a fire. and they did only shut it for a couple of minutes, but in those few minutes it filled with smoke so much that when the door opened again there were already bodies lying on the floor, people shouting. she said, in f
were going cheap trying to get around what few regulations exist and create an even more dangerous environment. the investigation isn't over, so they don't want to name names or come out with the specific charges at this point, anderson. >> can you explain why security at this club would not let people get out of the one exit that existed? >> well, anderson, we talked today -- we actually heard the very harrowing story of this 19-year-old high school student who was inside. she got...
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Jan 30, 2013
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lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-414-5999 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. >>> breaking news here. this just out of phoenix. this is video from our affiliate ktvk. police responding to reports of a shooting. multiple victims at a business complex. we are told this is near 16th street and glendale avenue. this is in phoenix. the business complex. now the sus is expect, we are learning, reportedly fled from the scene. there is a search that is now under way. we are looking at aerial shots as well. we understand that there are police cars on the scene. there are ambulances and fire engines as well that responded to the report of the shooting. we also saw -- there you go. now we have the aerials there. somebody was rolled out on a stretcher earlier. this is certainly
lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-414-5999 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. >>> breaking news here. this just out of phoenix. this is video from our affiliate ktvk....
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Jan 30, 2013
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mom has done a really good job with me and my brother just making sure we're stable and have a good environment to be around. it's been a long process, but definitely a learning one and a good one. >> and finally, a lot of people have talked about in women's tennis why can't the u.s. produce more competitive women's tennis players. after it the williams' sister, they's been a big gap. do you think your emergence is a sign that americans are finally producing the quality players again? >> yeah, i think it's a good sign. even after me, there's a lot of other girls that are below me that are still coming up and playing great tennis and i think it's a really good sign that i'm in top 20 now and there are a lot of girls in the top 100 trying to get that break through. and i think until venous and serena retire, we don't have anything to worry about. when they're gone and they need someone to replace, i think there will be plenty willing to step in. >> sloan stevens again congratulations and please come talk to us again when you break number ten in the world. >> of course i will. >> take care. >>> so
mom has done a really good job with me and my brother just making sure we're stable and have a good environment to be around. it's been a long process, but definitely a learning one and a good one. >> and finally, a lot of people have talked about in women's tennis why can't the u.s. produce more competitive women's tennis players. after it the williams' sister, they's been a big gap. do you think your emergence is a sign that americans are finally producing the quality players again?...
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lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-414-5999 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. sleep train'sor presidents' day presidents' day sale is on now. save up to $500 on beautyrest and posturepedic. get a sealy queen set for just $399. even get 3 years interest-free financing on tempur-pedic. plus, free delivery, set-up, and removal of your old set. keep more presidents in your wallet. sleep train's presidents' day sale is on now. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> breaking news here. this just out of phoenix. this is video from our affiliate ktvk. police responding to reports of a shooting. multiple victims at a business complex. we are told this is near 16th street and glendale avenue
lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-414-5999 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. sleep train'sor presidents' day presidents' day sale is on now. save up to $500 on beautyrest and...
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Jan 30, 2013
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introducing women into that environment can be really traumatic and humiliating. >> jon: i'm going to jump in here. first of all, i know a lot of german businessmen who would pay good money for that. secondly, you're in a war zone. you're in a war zone and your big worry is dying of embarrassment? and by the way, i think i figured something out here. if men are going to be poohing inches from their female comrade's face, i believe that solves your eros problem. eros is irrational but it's not [bleep] crazy. all right. our own samantha bee explores this more in depth with this report >> reporter: last week defense secretary leon panetta made military history when he lifted the ban on women serving in combat. immediately, objections were raised. >> there is a difference in the physicality of women and men >> it's a terrible idea. you're going to have the sex assault problem >> people are going to die reporter: author and military expert kingsley brown >> women in combat positions are a threat to military cohesion. it's not clear that men can actually bond with women the way they bond wi
introducing women into that environment can be really traumatic and humiliating. >> jon: i'm going to jump in here. first of all, i know a lot of german businessmen who would pay good money for that. secondly, you're in a war zone. you're in a war zone and your big worry is dying of embarrassment? and by the way, i think i figured something out here. if men are going to be poohing inches from their female comrade's face, i believe that solves your eros problem. eros is irrational but it's...
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Jan 30, 2013
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what is your new idea for saving the environment? >> the big idea is we spent 20 years on global warming trying to make fossil fuels more expensive. that didn't work. there's an important shift that needs to be made to making clean energy safe. >> stephen: what is your idea clean coal? >> all the technologies. >> stephen: clean coax you are on board. >> if they can figure out a way to cheaply capt tiewrt coal it needs to be put on the list. >> stephen: clean cool. that takes care of all of it. you are not like a tree hugger kind of guy, right? >> i am sort of a tree hugger. >> stephen: you are? they don't hug you back. it's a one-way relationship. >> most people what they care about is, you know, things on the economy and jobs. i think we say look, we all care about the same things. we want the same things from energy, we want it to be cheap, reliable and increasingly clean. that's what we've gotten over the centuries. we've gone from wood to coal, coal to gas and renewables. it's done through technology innovations. it's something a
what is your new idea for saving the environment? >> the big idea is we spent 20 years on global warming trying to make fossil fuels more expensive. that didn't work. there's an important shift that needs to be made to making clean energy safe. >> stephen: what is your idea clean coal? >> all the technologies. >> stephen: clean coax you are on board. >> if they can figure out a way to cheaply capt tiewrt coal it needs to be put on the list. >> stephen: clean...
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Jan 30, 2013
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it has to do with the environment that allows bullying to occur in our schools. sometimes bullying can lead to violent situations and i'm sure it has happened in baltimore and just recently we had bullying in hawaii in our schools. one of the ways we prevent cease allegation of violent behavior is to put -- increase violent behavior. do you have any thoughts on that? >> the president's plan calls for not only funding and announcement for additional police officers and i believe congress should support these plans. they also call for funding to support additional counselors and psychological service providers in the schools. certainly, in my particular case and in my jurisdictions across america, we have police officers in all the high schools and the middle schools. it costs my jurls diction $8 million a year. they have a place but certainly we believe more needs to be done. in both shootings a bullying was alleged to be a factor. >> thank you. thank you, mr. chairman. >> i want to thank you all the witnesses who came here to the hearing. it's a person -- i think
it has to do with the environment that allows bullying to occur in our schools. sometimes bullying can lead to violent situations and i'm sure it has happened in baltimore and just recently we had bullying in hawaii in our schools. one of the ways we prevent cease allegation of violent behavior is to put -- increase violent behavior. do you have any thoughts on that? >> the president's plan calls for not only funding and announcement for additional police officers and i believe congress...
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Jan 30, 2013
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you also represent the environments. here's the problem going on in striver city. the earth warm tractor factory employs 1,200 people. earth worms have been in trouble for a while now. and there's another plant not too far away in mountain way. an earthworm mayor has been telling you for a while we're going to have to close one of these plants. 1,200 jobs if your plant closes are going to go away. you convene a conference call mayor because you're calling washington now. have this call with your representatives. what are you going to do especially with this tumult in europe because a third of earth worms stuff gets exported to europe and now europe is in meltdown. -- meltdown? >> well, we really need have a focus to make sure that our city in particular doesn't suffer from job depletion. we have had 10% unemployment during the recession. we're slowly getting out of it. my main concern as mayor is that the budget cutting that you're talking about from washington is going to haved a adverse effect on our city and our attempts to recover from the recession -- >> an ea
you also represent the environments. here's the problem going on in striver city. the earth warm tractor factory employs 1,200 people. earth worms have been in trouble for a while now. and there's another plant not too far away in mountain way. an earthworm mayor has been telling you for a while we're going to have to close one of these plants. 1,200 jobs if your plant closes are going to go away. you convene a conference call mayor because you're calling washington now. have this call with...
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now the environment as changed the degree is somewhat different. now those effects might become dominant. yes, i can see a down side for doing things that you believe are effective and legal and appropriate if it denies you the cooperation of others who see it in a different way. i think we're all aware of that. we knew that. in 2006, it was huddle up, the world has changed, what is appropriate going forward with no judgment whatsoever on what went on before. different circumstances, different people. not -- >> not having read the report, i would say that become its released it needs to be fixed program had no value. they need to take a second look and maybe spend more time and talk to those who were involved in the program. in terms of the ethical question, in writing hard measures, i spent a lot of time talking to people who worked with me. some of my deputies were very senior analysts, very logical. these are folk who is will analyze every aspect of everything. i asked him this question and he gave me a long explanation, 15-minute explanation on
now the environment as changed the degree is somewhat different. now those effects might become dominant. yes, i can see a down side for doing things that you believe are effective and legal and appropriate if it denies you the cooperation of others who see it in a different way. i think we're all aware of that. we knew that. in 2006, it was huddle up, the world has changed, what is appropriate going forward with no judgment whatsoever on what went on before. different circumstances, different...
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Jan 30, 2013
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you could find yourself in a lawless environment in this country. the store was about a place called koreatown. there are marauding gangs going through the area burning stores, looting and robbing. the vice-president said in response to me, he said, no, you would be better off with a 12 gauge shotgun. that is his opinion, and i respect it. i have an ar-15 at home and i have not heard anybody and i do not intend to, but i would be better off protecting my family if there was law-and-order breakdown in my neighborhood. i do not think that makes me and on reasonable person. mr. trotter when you say you speak on behalf of millions of women out there who believe an ar-15 makes them safer, there were a lot of giggles and the room, and that explains the dilemma. the people who were giggling were saying to you, that is crazy. nobody i know thinks that way. which reminds me of the harvard professor who said i cannot believe mcgovern lost. everyone i knew voted for him. i bet there are people on our side that cannot believe obama won because everyone they kno
you could find yourself in a lawless environment in this country. the store was about a place called koreatown. there are marauding gangs going through the area burning stores, looting and robbing. the vice-president said in response to me, he said, no, you would be better off with a 12 gauge shotgun. that is his opinion, and i respect it. i have an ar-15 at home and i have not heard anybody and i do not intend to, but i would be better off protecting my family if there was law-and-order...
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Jan 30, 2013
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i worry about the environment and all kinds of things, but the reality -- reliability of the u.s. debt, not at all. i am worried about the social and political stability of the world. a large part of europe that is depressioneriencing great levels of unemployment. and how long can we sustain u stable democratic system when 60 percent of the young people are out of work? that is the concern in europe right now. host: the twitter question touches on this. also, are there any models in europe that are succeeding? guest: if you look at sweden has handled this very well. the excess of welfare state is the problem. the biggest welfare state in the world and has driven through the crisis beautifully. my favorite, the little economy that could, iceland. they were supposed to turn into a smoking whole, but they broke their rules. they did not bail out the bankers. they were willing to let the currency to value. they were willing to let there be controls. it has a lower and a plumber rate than we do right now. -- unemployment rate than we do right now. britain is interesting. when cameron c
i worry about the environment and all kinds of things, but the reality -- reliability of the u.s. debt, not at all. i am worried about the social and political stability of the world. a large part of europe that is depressioneriencing great levels of unemployment. and how long can we sustain u stable democratic system when 60 percent of the young people are out of work? that is the concern in europe right now. host: the twitter question touches on this. also, are there any models in europe that...
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wyoming's frontier of rural environment impacts our health care systems. wyoming has 25 hospitals, 16 designated as critical access hospitals, 25 beds or less. there's two veterans' hospitals and 16 rural health clinics. there's eight community health centers, three special population health centers, and three are satellites of larger health care centers. dealing with the extended number of patients and barriers to care for the parties, several components have to be considered. one is the ain't for providers to be able to practice to the full scope of the education and license. another is addressing the shortage of providers due to retirement, and a shortage of qualified faculty to educate new providers. there's the exception of quality of care and support funding for rural areas. with boomers turning 65 at the rate of 10,000 a day, there's an increase of demand in health care in acute care settings as well as expansion of nonhealth care settings like long term care. wyoming's practice act allows advanced practice, nursing practitioners to practice indepen
wyoming's frontier of rural environment impacts our health care systems. wyoming has 25 hospitals, 16 designated as critical access hospitals, 25 beds or less. there's two veterans' hospitals and 16 rural health clinics. there's eight community health centers, three special population health centers, and three are satellites of larger health care centers. dealing with the extended number of patients and barriers to care for the parties, several components have to be considered. one is the ain't...
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Jan 30, 2013
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and they have many detriments to the environment. they light up the sky. they're noisy. you can see them for a long time. we don't want to see them on the scenic mountains of east tennessee, where people come to see the great smoky mountains, not to see these big white towers. and in their enthusiasm for wind power, the solution our electricity needs in the united states, i am afraid the administration has -- is destroying the environment in the name of saving the environment and producing at the samat thesame time a type of ely that's intermittent, that only operates when the wind blows, is expensive, and has huge subsidies from the federal taxpayer that would make any tax breaks for oil companies look small by comparison. let's put all the questions about wind power aside except this one. why is the united states department of justice enforcing the migratory bird laws against one energy company -- one set of energy producers, oil and embarks and not against another -- oil and gas, and not against another, wind farms? that's what we'd like to noavment that's why we're w
and they have many detriments to the environment. they light up the sky. they're noisy. you can see them for a long time. we don't want to see them on the scenic mountains of east tennessee, where people come to see the great smoky mountains, not to see these big white towers. and in their enthusiasm for wind power, the solution our electricity needs in the united states, i am afraid the administration has -- is destroying the environment in the name of saving the environment and producing at...
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my goal is to continue to strive for a positive environment that produces results. i ask that you join me in improving proving to the people of south carolina that we are and will be more productive this year. we won't always agree but we should always be willing to respectfully work towards a resolution for the good of the state. the people of our state have enough challenges and they deserve the satisfaction of knowing that columbia is working for them. we have a choice this year. we can spend our time playing politics. we can snipe at each other. we can use the pulpits we all have access to, whether it is the wealth of the distinguished bodies, the microphones on top of a podium to score political points. but i believe our state deserves better. i believe this is the year we can make the people of south carolina proud. by giving them successes on restructuring, on tax relief, on regulatory reform, on strengthening protections in cybersecurity. on healthcare. on education and on raising the bar on the ethics of public officials. it's a great day in south carolina.
my goal is to continue to strive for a positive environment that produces results. i ask that you join me in improving proving to the people of south carolina that we are and will be more productive this year. we won't always agree but we should always be willing to respectfully work towards a resolution for the good of the state. the people of our state have enough challenges and they deserve the satisfaction of knowing that columbia is working for them. we have a choice this year. we can...
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the environment has changed since 2007. that's why we're guardedly optimistic. there's a whole bunch of minds out there that we have to avoid or diffuse, but i'm confident, i'm confident that cautiously optimistic late we can get this done. if we don't, i think it's going to have ramifications. not just for republicans up for the entire country to have a nation where 11 people living in the shadows is not a country that we like to teac teacher chn about. >> something you share in common, you both came from the house. what is the path to getting this through the house? >> i think probably one of the scenarios is a majority of the democrats in the house and a significant, and maybe a majority for the republicans in the house. i would not anticipate a unanimous republican support, but i think it can be significant republican support. >> the larger number of republicans we get innocent, the more likely it's my judgment that we'll pass it in the house. second, going to the process, going through committee and will help us homeless. the senate is in very diverse body.
the environment has changed since 2007. that's why we're guardedly optimistic. there's a whole bunch of minds out there that we have to avoid or diffuse, but i'm confident, i'm confident that cautiously optimistic late we can get this done. if we don't, i think it's going to have ramifications. not just for republicans up for the entire country to have a nation where 11 people living in the shadows is not a country that we like to teac teacher chn about. >> something you share in common,...
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unfortunately that is the environment that we are living in. it was a very interesting panel especially the last one. there is nothing better than congressional staffers actually hear from people who practice medicine. you know, patients are going through their treatments. one of the things that the reality that we suffer with, unfortunately, and this is something we all have to deal with, it is just a physical reality. as he rightly pointed out, it is right now the debate about budget and people are trying to figure how to control costs and figure out savings that are scored by studios. the cbo gets a lot of bad rap from people. but i am a fan. they have a very tough job to do. they always come out and it's a very tough job that they have to do and it's hard to please everyone in a town like washington dc and they try to be the best that can. i afford a lot of respect to them. at the end of the day, that is the reality that we have to operate under. so we get a lot of ideas from utah, we have the great health care system, which is a lot of int
unfortunately that is the environment that we are living in. it was a very interesting panel especially the last one. there is nothing better than congressional staffers actually hear from people who practice medicine. you know, patients are going through their treatments. one of the things that the reality that we suffer with, unfortunately, and this is something we all have to deal with, it is just a physical reality. as he rightly pointed out, it is right now the debate about budget and...
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Jan 30, 2013
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principled conservative doctor from oklahoma, from an amazingly tenacious advocate for women and the environment who blazed a trail from pwhraobg lynn to ranch -- brooklyn to rancho mirage in the united states senate, to one who is committed to stand for violence and equality. from a cantankerous maverick and patriot and former prisoner of war from arizona, from a song-writing compassionate conservative from utah; from a fervent, gravel-voiced people's champion from ohio; from a soft-spoken loyal, medal of honor winner from hawaii who used to sit right here; from a college professor turned proud prairie populist and senate pied piper taken from us far too soon and far too quickly. from every member of the senate there are characteristics, passions, quirks and beliefs that bring this place alive and unite to make it the most extraordinary legislative body on earth. that's what i love about the senate. i love that instead of fighting against each other, bill frist, the former republican leader, and i were able to join forces to fight h.i.v. and aids around the globe and convince an unlikely conser
principled conservative doctor from oklahoma, from an amazingly tenacious advocate for women and the environment who blazed a trail from pwhraobg lynn to ranch -- brooklyn to rancho mirage in the united states senate, to one who is committed to stand for violence and equality. from a cantankerous maverick and patriot and former prisoner of war from arizona, from a song-writing compassionate conservative from utah; from a fervent, gravel-voiced people's champion from ohio; from a soft-spoken...
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Jan 30, 2013
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at your luncheon right after the inauguration, you said as obviously someone on the -- leading the environment and public works committee that you know, wow. we might really get something done. what is your hope about that particular issue? >> well, here's the situation. it is so -- it tends to get overly complicated but let me make it as simple as i can. the problem and the reason we see climate change is too much carbon pollution in the air. you have to get the carbon down because when your carbon pollution is in the air, it forces the temperatures up. the temperatures go up. the oceans are going to be too high. there will be flooding. we know what the future holds. it is awful. truly, for the planet. so here's the good news. the good news is that about -- more than 75% of the sectors that cause the problem that is the industrial sector, the transportation sector and the electrical sector, okay. that is already covered under the clean air act. so with that one change in the law, if obama picks a good person over the e.p.a. and just carries out the clean air act we can really make enormous pr
at your luncheon right after the inauguration, you said as obviously someone on the -- leading the environment and public works committee that you know, wow. we might really get something done. what is your hope about that particular issue? >> well, here's the situation. it is so -- it tends to get overly complicated but let me make it as simple as i can. the problem and the reason we see climate change is too much carbon pollution in the air. you have to get the carbon down because when...
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with this environment, you are seeing gold up $20. this is the market taking a breather. it does not surprise people on wall street. let's take a look at chesapeake energy. we know that the ceo will be stepping down on april 1. there it is. up 5.5%. what is the potential going forward? it is what you should continue to follow. back to you before thank you, nicole. contracted for the first time in years. peter, good to see you. the ten year treasury yield is about 10%. the markets barely selling off. what do you say? >> they need to worry. it is interesting that the last quarter of the avant-garde is the weakest of his presidency. it shows me that the temporary euphoria of the stimulus is holding off. i think the fed is getting ready to up the dosage of the stimulus. interest rates are rising despite this it the dollar is tanking. if it was not for the japanese yen, imagine how low the dollar would be. i think it will break down a lot. look at oil prices knocking on the door at $100 a barrel. more people will realize that the economy is in a lot worse shape than they thoug
with this environment, you are seeing gold up $20. this is the market taking a breather. it does not surprise people on wall street. let's take a look at chesapeake energy. we know that the ceo will be stepping down on april 1. there it is. up 5.5%. what is the potential going forward? it is what you should continue to follow. back to you before thank you, nicole. contracted for the first time in years. peter, good to see you. the ten year treasury yield is about 10%. the markets barely selling...
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the story when the research came out in may saying the gasoline that's supposed to be great for the environment, great for cars, is actually dangerous for the car, and in some cases, it voids your warranty. it's a big deal. what's the new research show? >> well, it goes into another part of the fuel system. the original research we look at looked at just the valves and the valve seals so it hurts your engine. now, this looks at the fuel components, itself, the pumps, the components of the distribution system. there are other parts of the vehicle, too, to be tested. it takes awhile to do this, but layer upon layer, the more we look, the more problems we're seeing. it's irresponsible to move forward in this fashion knowing full well that millions of cars in america could be affected. this is just, you know, epa's deal to push this fuel out to cars that were not designed to use it. melissa: talk about that specifically. in what cars is it safe? i understand in flex fuel vehicles and cars that are 20 # -- 2012 and knewer. -- newer. >> cars designed for that use, designed to handle e-15, and the aut
the story when the research came out in may saying the gasoline that's supposed to be great for the environment, great for cars, is actually dangerous for the car, and in some cases, it voids your warranty. it's a big deal. what's the new research show? >> well, it goes into another part of the fuel system. the original research we look at looked at just the valves and the valve seals so it hurts your engine. now, this looks at the fuel components, itself, the pumps, the components of the...
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Jan 30, 2013
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i think now we're in more of a range bound environment where investors should expect to earn yields, not too much more price appreciation, so we're looking at more of a 3, 4, 5 percent return for corporate bonds which is much lower than what we have seen over the last couple of years. liz: are you positive about the american economy? i'm understating it, in essence you are absolutely thrilled about how america is doing, you are bullish on america. i don't know if you saw the top of our show, gerry o'driscoll, the former fed insider was telling us he thinks this is an all artificial recovery. i presume you take the opposite of that trade? >> well, we're looking at 2% real growth and 4% nominal. so we're still in a below trend growth, but there are some bright spots. and we would point to housing and energy. housing because we're recovering off of very low base. and we will get double digit growth rates in housing sector. so we like a lot of companies there. liz: how much will housing contribute to real gdp there? i mean what are you expecting? >> so really there's a direct and an indi
i think now we're in more of a range bound environment where investors should expect to earn yields, not too much more price appreciation, so we're looking at more of a 3, 4, 5 percent return for corporate bonds which is much lower than what we have seen over the last couple of years. liz: are you positive about the american economy? i'm understating it, in essence you are absolutely thrilled about how america is doing, you are bullish on america. i don't know if you saw the top of our show,...
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if you look in the health care sector, this is a great group for the environment like we're in where you get some demographics and some requirements for health care actually helping you. but you also have some demand that will come as a result of the affordable care act. even though that is somewhat unpopular with some investors i think from fundamental analysis standpoint you really can find some names within the sector that will benefit like even as the economy is slowing. medtronic is one company in the med tech space we like quite a bit. for the last two years it has been suffering from secular growth deceleration. but you have had some cost cutting going on here. we think if you need a pacemaker, if you need sort of some spinal device that is not going to go anywhere. the concern in the entire sector has been around pricing and that information is beginning to clarify. liz: omar is running that company, a super smart guy. he is ready to accept and deal with the medical device tax. here is the three-month chart. looks absolutely gorgeous. let me get to robert luna. while eugene b
if you look in the health care sector, this is a great group for the environment like we're in where you get some demographics and some requirements for health care actually helping you. but you also have some demand that will come as a result of the affordable care act. even though that is somewhat unpopular with some investors i think from fundamental analysis standpoint you really can find some names within the sector that will benefit like even as the economy is slowing. medtronic is one...
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and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric can do for you. get the hearing aid that can. lyric from phonak. lyric can. stuart: research in motion is presenting its new blackberry 10. you are looking at the presentation right now. so far we've heard that they're going to have a faster browser on the new blackberry 10, a better camera, an all together revamped blackberry. that's what we know so far. the stock is still moving higher. last quote i got, it's up about 5%. okay? they are listening closely to what the gentleman is sayin
and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section) (testimonial section) (testimonial section) did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free...
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to ultimately be able to unwind the asset purchase program that is underwriting a low interest rate environment and basically providing a frontal lo bottom my to the bond market. as well as the how long we'll see tame interest rates such that the bond market doesn't get spooked and we see a jump in interest rates which could happen at unwarranted period of time and thwart the anemic economic expansion that we have underway. ashley: gus, i wanted to ask you, we have a fresh crop of reserve bank presidents for the new year voting on policy decisions. does that change the dynamics or the conversation at all? >> it might change it a little bit. i think the kansas city fed president george has expressed skepticism over the fed's decisions lately. put on the other hand richmond fed president lacker, who has been a big skeptic is leaving voting members. i don't think it will make a huge difference overall and i think bernanke is calling the shots. tracy: that's for sure. the whole lobotomy thing is interesting. the whole thing is what worries people the most. ashley: that is why perhaps the fed may gr
to ultimately be able to unwind the asset purchase program that is underwriting a low interest rate environment and basically providing a frontal lo bottom my to the bond market. as well as the how long we'll see tame interest rates such that the bond market doesn't get spooked and we see a jump in interest rates which could happen at unwarranted period of time and thwart the anemic economic expansion that we have underway. ashley: gus, i wanted to ask you, we have a fresh crop of reserve bank...
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. >> eric: given that environment, what do you think 6 president obama's new push to get his immigration policy in place right away even before you secure the border? >> you know, at ice, we're more about the interior enforcement. we do everything between the borders. border patrol takes care of the land borders, but throughout this it's apples and oranges. we view the president's comments. we looked at the bipartisan committee's plan and strangely enough we noticed that customs enforcement and immigration is not mentioned by the president or in the bipartisan plan. the group that is supposed to enforce everything within the borders. we're a little bit shocked. every year a handful of i.c.e. agents is arresting approximately 400,000 illegal aliens and taking them primarily from jails and prisons. so, we know we have a significant criminal alien problem within the united states, but the president's plan as well as the bipartisan plan seem to just completely ignore the need for strong interior enforcement. >> eric: let's switch gears. we had senator jeff sessions and he was saying the head
. >> eric: given that environment, what do you think 6 president obama's new push to get his immigration policy in place right away even before you secure the border? >> you know, at ice, we're more about the interior enforcement. we do everything between the borders. border patrol takes care of the land borders, but throughout this it's apples and oranges. we view the president's comments. we looked at the bipartisan committee's plan and strangely enough we noticed that customs...
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we have people in incredibly high threaten environments. >> i have seen some of them. >> you have seen some of them. they are there because we believe being there is in america's national interest, particularly our security interests. >>> now to stories you can bank on this morning. joining us from the fox business network is lauren simonetti. you are telling us college is worth it. it's a million dollar investment. questioning the value of the bachelor's degree. college might not be worth the high price tag. he says studies suggest colleges are not worth it are not only wrong they are dead wrong. the bachelor's degree holders over the course of a lifetime $2.3 million. by comparison just a high school diploma average $1.3 million a lot less. by 2018, more than 60 percent of all jobs will require some form of post secondary education. >> it is worth every penny. >>> twinkies are going away then they are coming back. we have to wait longer. >> twinkies are being saved after all. you have to wait until september to sink your teeth into the popular yellow cakes. the owner is expected to b
we have people in incredibly high threaten environments. >> i have seen some of them. >> you have seen some of them. they are there because we believe being there is in america's national interest, particularly our security interests. >>> now to stories you can bank on this morning. joining us from the fox business network is lauren simonetti. you are telling us college is worth it. it's a million dollar investment. questioning the value of the bachelor's degree. college...
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that is novel in this political environment. bill: education will fight that. they will say, give it towards schools. >> right. bill: i would say when i heard the story, sarah palin had a lay on the books in alaska that returned oil receipts to taxpayers in that state? >> that is natural resource under the ground. saying all alaskans should enjoy that. this is a little different. what texas is saying we've got an amazing economic boom. this is what rick perry is saying. this is your money. this is a novel part of it. when we hear most politicians talk about taxes, it is almost as if we work and their money. whatever we get in our check is, hey,. bill: take, take. if he gets this and is successful they will crown the guy thing. there is another big topic i want to roll in here. we ask viewers questions all the time. gdp number was paltry that came out earlier. because you asked, bya, we get this question right now. explain the rise in the stock market versus lowering expectations and consumer sentiment and debt. you've got a dow bumping up against 14,000. >> all
that is novel in this political environment. bill: education will fight that. they will say, give it towards schools. >> right. bill: i would say when i heard the story, sarah palin had a lay on the books in alaska that returned oil receipts to taxpayers in that state? >> that is natural resource under the ground. saying all alaskans should enjoy that. this is a little different. what texas is saying we've got an amazing economic boom. this is what rick perry is saying. this is your...
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those services all at the same time, all inside that physical facility, it's a very, very difficult environment. >> reporter: if broe cade can pull it off, maps, streaming replays, and virtual men use will be as common as runs, passes and touchdowns. as for other companies trying to get the gig, the 49ers say there were other candidates. they wouldn't say who just brocade, not the biggest of companies, ultimately got the contract. >> a lot of pressure on brocade. what about jerry rice? 49ers receiver randy moss makes a bold, bold statement about his legacy, turning a lot of heads. we continue our live coverage from new orleans. >>> also, confirming kerry. the senate cast its vote on whether to approve the next secretary of state. >>> and i'm janelle wang. coming up, a grisly discovery in syria that added new fuel to the fire. and trapped alive. new details in the deadly fire in brazil. you can't move the tv there. yuh-huh. we have a wireless receiver. listen. back in my day, there was no verse wireless receiver that let you move the tv away from the tv outlet. we can move it to the kitchen, the
those services all at the same time, all inside that physical facility, it's a very, very difficult environment. >> reporter: if broe cade can pull it off, maps, streaming replays, and virtual men use will be as common as runs, passes and touchdowns. as for other companies trying to get the gig, the 49ers say there were other candidates. they wouldn't say who just brocade, not the biggest of companies, ultimately got the contract. >> a lot of pressure on brocade. what about jerry...
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we made the decision to terminate the coach because the environment. >> reporter: could the case be made that the other assistant coaches were not present so why are they still there and he's got? >> it's not a committee. the coach is in charge. >> the school also contacted vallejo police but investigators say no one involved has come forward to file a report. >>> the big events for nfl players today wasn't practice. look at this. facing hoards of reporters for super bowl media day. the big question of the day, did ravens player ray lewis use performance-enhancing drugs? cbs 5 sports director dennis o'donnell live in new orleans and lewis' image could be seriously tarnish as enters the final game of his career on sunday. dennis. >> that's right. the baltimore havens as now have one of the best defenses in football. little did the ravens know they would have to play defense today. this is a report according to "sports illustrated" after star linebacker ray lewis tore his triceps in october, he began using performance-enhancing drugs to speed up recovery. it's not the first time "sports il
we made the decision to terminate the coach because the environment. >> reporter: could the case be made that the other assistant coaches were not present so why are they still there and he's got? >> it's not a committee. the coach is in charge. >> the school also contacted vallejo police but investigators say no one involved has come forward to file a report. >>> the big events for nfl players today wasn't practice. look at this. facing hoards of reporters for super...
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article, and i think peter fisher was quoted in that article, there is a very sound point to a low-rate environment and banks effectively being unwilling to lend at these low rates. i think that is a fantastic point for the near term. more long-term, our real worry is about the exit. >> susie: real quickly, i want to ask you about the jobs report that comes out on friday because more people get jobs, it is good for the economy. >> right. >> susie: might there be a surprise that more hiring is going on? >> we do not expect any surprises, at least not any upward surprises. it is interesting, almost over any time bucket over the last year, the average job gain has been about 150,000 mer month. 150,000 -- per month. where the aggregate demand hasn't picked up, companies are not picking up the hiring. we're looking for 150,000 a month, per average. >> susie: that's kind of look warm, but thank you, tom for coming on the show. we've been talking with tom porcelli, chief mist at rbc cap >> tom: despite a strong end to the year, ford stock fell more than 4.5% today. the concern is, ford doesn't think this
article, and i think peter fisher was quoted in that article, there is a very sound point to a low-rate environment and banks effectively being unwilling to lend at these low rates. i think that is a fantastic point for the near term. more long-term, our real worry is about the exit. >> susie: real quickly, i want to ask you about the jobs report that comes out on friday because more people get jobs, it is good for the economy. >> right. >> susie: might there be a surprise...
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i haven't been really rested for years and now i'm in a very good environment and there are a lot of things to be done and that i'd like to do so i have to be very engaged. it's a very, very full of things to do and i'm very happy about that. >> suarez: are you able to keep up with events in china as closely as you were when you were doing your human rights work there? >> (translated): there are many ways to get -- to become informed. in a sense, it's easier to be informed here than when i was in china. i'm not saying that in china things cannot be done. what i'm saying is that things can be done from many different angles to promote what we need to promote. >> suarez: well, since you left the country there have been continued arrests of dissidents, suppression of press freedoms with the southern weekly, attempts to control access to the internet. a lot of things are moving along in china. what does it tell you about the government's attitude toward free speech and free thought? >> (translated): i think this only goes to show that the chinese government and the party still wants to c
i haven't been really rested for years and now i'm in a very good environment and there are a lot of things to be done and that i'd like to do so i have to be very engaged. it's a very, very full of things to do and i'm very happy about that. >> suarez: are you able to keep up with events in china as closely as you were when you were doing your human rights work there? >> (translated): there are many ways to get -- to become informed. in a sense, it's easier to be informed here than...